EV maker NIO revealed Monday it’s slashing prices on all of its models by $4,200 (30,000 yuan) in China in addition to ending free battery swapping services, effective immediately.
NIO cuts EV prices to boost sales
The move comes after NIO was the only major EV major in China to see a decline in monthly deliveries in May (down nearly 8%).
NIO announced the news on its socials, as CEO William Li…
